2005 Piper Meridian for sale

2005 Piper Meridian

Single Engine Turboprop

FOR SALE
$1,375,000Overpriced
Location Chapel Hill, NC
Total Time 2,194 hrs
Engine SMOH 2,194 hrs
Seats 6
Serial # 4697234
Reg # N3117V
Cruise 241 kts (446 km/h)
✓ Clean NTSB ✓ Verified recently

Aircraft Details

Seller reported

Avionics & Equipment

IFR
GI275 Standby ADI TXI S-tec enablement GMA 350 Audio Panel GTX345D (diversity) transponder Flight Stream 510

Description

2005 Piper Meridian — Garmin Panel, Garmin Autopilot, RVSM Well-maintained 2005 Piper Meridian with upgraded Garmin avionics and Garmin autopilot. Aircraft is RVSM certified and capable of operations up to 30,000 feet. Clean, comfortable interior and well-cared-for airframe with no known maintenance issues. Turn-key and ready for immediate service. Highlights: Upgraded Garmin avionics suite Garmin autopilot RVSM certified (30,000ft ceiling) Great interior condition Original paint (7/10) Well maintained No known maintenance issues The Piper Meridian is widely respected for its efficient operating costs, dependable Pratt & Whitney PT6 500hp turbine engine, strong climb performance, and excellent high-altitude cruise capability, making it an ideal aircraft for both business travel and family trips. Serious inquiries welcome.

Description and equipment details provided by the seller. AeroGurus does not verify seller-provided information.

Price Comparison 1 active offer

Source Price Action
P&C Aircraft
aviapages.com
$1,375,000
P&C Aircraft
controller.com
$1,375,000
P&C Aircraft
controlleremea.co.uk
$1,398,530 *
GBP £1,039,164
Listing Source
aviationtrader.com.au
$1,417,399

* Converted to USD at daily European Central Bank (ECB) exchange rates

Estimate Monthly Payment

Piper Meridian loan calculator

AeroGurus

AeroGurus Data & Analysis

Independent data from FAA, NTSB, and market analysis

About This Piper Meridian

This 2005 Piper Meridian (N3117V) is a 6-seat single engine turboprop with 2,194 hours on the airframe. There are currently 97 Meridian aircraft listed for sale with asking prices ranging from $738,946 to $2,613,432. This aircraft is priced below the market average at $1,375,000.

The Meridian cruises at 241 kts (446 km/h) with a range of 1,000 nm (1,852 km) — ideal for short hops and local flights. Service ceiling of 30,000 ft allows operation above most weather.

Operating costs: Fuel burn is 35 GPH (132 L/h), which at current Jet-A prices (~$5.50/gal) means approximately $192/hr in fuel alone. Total variable cost including maintenance reserves is approximately $650/hr. Annual fixed costs (hangar, insurance, crew, annual inspection) average $100,000. With 2,194 hours on the airframe, this aircraft has 1,306 hours remaining to engine TBO .

NTSB records show 0 incidents for this airframe — a clean safety record.

Pre-Purchase Checklist

Safety record: 0 NTSB incidents
Airframe: 2,194 hours — verify engine time vs TBO (3,500 hrs)
Budget $525 for pre-purchase inspection

Piper Meridian — Model Specs

Model specification

Standard specs for this model. Actual aircraft may differ.

Seats
6
Cruise Speed
241 kts (446 km/h)
Max Speed
260 kts (482 km/h)
Range
1,000 nm (1,852 km)
Ceiling
30,000 ft (9,144 m)
Max Weight
5,092 lbs (2,310 kg)
Useful Load
1,362 lbs (618 kg)
Fuel Capacity
170 gal (643 L)
Fuel Burn
35 GPH (132 L/h)
TBO
3,500 hrs

Estimated Cost of Ownership

AeroGurus estimate

PIPER Meridian

Fuel Burn
35.0 GPH
~$228/hr
Variable Cost
$650/hr
fuel + mx + reserves
Annual Fixed
$100,000/yr
hangar + insurance + annual
Engine Overhaul
$300,000
every 3,500 hrs

AeroGurus estimates based on industry averages for the PIPER Meridian. Actual costs vary by location, usage, maintenance history, and configuration. Not a financial quote.

Ownership & Registration

FAA registration data pending for N3117V.

Location & Ownership

FAA records

Aircraft Location

Chapel Hill, NC

Seller reported 293 more aircraft in NC →

Title Status

No FAA title records

Available for US-registered aircraft only

Source: FAA Aircraft Registry, FAA Civil Aviation Registry (DocIndex). Title data may be delayed. Always verify with an aviation attorney before purchase.

Safety Record

NTSB safety data coming soon.

We'll check N3117V against the NTSB accident database.

Price History

2 price events · sources: controller.com, controlleremea.co.uk

AeroGurus Market Estimate AME

$1,274,643
Range: $1,158,750 — $1,395,000
Confidence: 90%
vs. Market
+8%
Above Market

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Prices and listings updated daily · Data: FAA Registry, NTSB · About our data
Disclaimer: All prices, cost estimates, and market values shown are based on asking prices from third-party sources and are provided for informational purposes only. AeroGurus is not an appraiser, broker, or financial advisor. Always obtain a professional appraisal and independent inspection before making a purchase decision. Actual transaction prices may differ from asking prices.